Lantronix Inc. Reports Director Changes and Compensation Updates
Ticker: LTRX · Form: 8-K · Filed: Feb 13, 2025 · CIK: 1114925
| Field | Detail |
|---|---|
| Company | Lantronix Inc (LTRX) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
Related Tickers: LTRX
TL;DR
Lantronix board shakeup and comp changes filed.
AI Summary
On February 7, 2025, LANTRONIX, INC. reported changes in its board of directors and executive compensation arrangements. The filing indicates the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key personnel. Specific details regarding the individuals involved and the exact nature of the compensatory changes were not fully elaborated in the provided text.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, potentially impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- LANTRONIX, INC. (company) — Registrant
- February 7, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Irvine, California (location) — Address of Principal Executive Offices
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing states the departure of 'Directors or Certain Officers' and the 'Appointment of Certain Officers' but does not specify the exact roles vacated or filled in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on February 7, 2025.
What is the exact business address of LANTRONIX, INC.?
The business address is 48 Discovery, Suite 250, Irvine, California, 92618.
What is the Commission File Number for LANTRONIX, INC.?
The Commission File Number for LANTRONIX, INC. is 001-16027.
What specific changes were made to the compensatory arrangements of certain officers?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of report, but the specific details of these arrangements are not provided in the excerpt.
Filing Stats: 410 words · 2 min read · ~1 pages · Grade level 12.1 · Accepted 2025-02-13 08:39:48
Key Financial Figures
- $0.0001 — ge on which registered Common Stock , $0.0001 par value LTRX The Nasdaq Stock Marke
Filing Documents
- lantronix_8k.htm (8-K) — 25KB
- 0001683168-25-000972.txt ( ) — 193KB
- ltrx-20250207.xsd (EX-101.SCH) — 3KB
- ltrx-20250207_lab.xml (EX-101.LAB) — 33KB
- ltrx-20250207_pre.xml (EX-101.PRE) — 22KB
- lantronix_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 7, 2025, Lantronix, Inc. (the "Company") announced that Eric Bass will step down from his position as Vice President of Engineering and Research & Development effective February 7, 2025. Mr. Bass will continue his employment with the Company as a non-officer. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LANTRONIX, INC. By: /s/ Brent Stringham Brent Stringham Chief Financial Officer Date: February 13, 2025 3